Harbor Target Retirement Income Fund Administrative Class (HARBX)

Fees & Expenses

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Annual Fund Operating Expenses

These are expenses that you pay each year as a percentage of the value of your investment.

Administrative Class

Management Fees

None

Distribution and/or Service (12b-1) Fees

0.25%

Other Expenses

None

Acquired Fund Fees and Expenses

0.63%

Total Annual Fund Operating Expenses

0.88%

Expense Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, under these assumptions, your costs would be:

1 Year

3 Year

5 Year

10 Year

Administrative Class

$90

$294

$514

$1,149

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.
These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance.

Minimums

Investors who wish to purchase, exchange or redeem shares held through a financial intermediary should contact the financial intermediary directly. The minimum initial investment amounts are shown below. The minimums may be reduced or waived in some cases. There are no minimums for subsequent investments.

Account Type

Administrative Class

Regular

$50,000

Administrative Class shares are limited only to eligible retirement plans and financial intermediaries. There is no minimum investment for qualified retirement plans and Section 457 plans.

The Harbor Target Retirement Income Fund is designed for investors currently in retirement, and its investments are expected to remain stable over time. The other Harbor Target Retirement Funds are designed for investors who plan to retire close to the year indicated in the Funds' names. These Funds' asset allocations will change over time and become more conservative as time elapses.
The principal value of the Funds is not guaranteed at any time, including the target retirement date.

Investors should carefully consider the investment objectives, risks, charges and expenses of a Harbor fund before investing. To obtain a summary prospectus or prospectus for this and other information, visit harborfunds.com or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners.

Total annual fund operating expenses shown in this table will not correlate to the expense ratio shown in the Financial Highlights table found in the prospectus because that ratio does not include the Acquired Funds' fees and expenses.

Restated to reflect current fees.

The Fund's shareholders indirectly bear the expenses of the Institutional Class of the underlying Harbor funds (the Acquired Fund) in which the Fund invests. This figure includes transaction costs (i.e. purchase and redemption fees), if any, imposed on the Fund by the Acquired Funds. See the prospectus for further details.

Restated to reflect current fees.

Ex-Date. The date on which a Fund's net asset value (NAV) will fall by an amount equal to the dividend and/or capital gain distribution plus or minus any change in the value of the Fund's holdings.